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, and house speaker john boehner was already hinting at another major fight in congress over taxes and spending. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers. mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. >> president obama will make a statement tomorrow in the east room. the automatic spending cuts and tax hikes kicked in january 1st if washington can't reach a deal. a lot of people fear it's going to be a repeat of what happened in 2011 when the republicans 4e8d the debt ceiling hostage to get what they wanted. but thing, i guess, you could say are a bit different. we are two days removed from a landslide victory, as well as a new 55-45 democratic senate majority. the president is also the winner of the popular vote. did you hear that, republicans? winner of the popular vote with the majority of the country supporting him. the only area in government where the democrats fell shot was in the co
on abc news house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable and frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> vice president biden, meantime, told reporters off camera the voters gave democrats a clear mandate on taxes by re-electing a president who promised the following over and over again. >> another $5 trillion tax cut that favors the wealthy is not change. i'm not going to turn medicare into a voucher just to pay for another millionaire's tax cut. i'm going to lower taxes for middle class folks. let's also make sure the wealthiest households pay a little bit more. >> keeping them honest, americans did vote for that by a slim majority in the popular vote and comfortable majority in the electoral college. they also increased the democratic lead in the senate. however, they preserve republican control of the house so no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted on a structural level, w
. >> sounds promising. tonight house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable. >> vice president biden told reporters that democrats gave a clear mandate that promises the same over and over again. >> another tax cut that favors the wealthy is not change. i won't turn medicare into a voucher to pay for another millionai millionaire's tax cut. i want to make sure that the wealthiest households pay a little more. >> keeping them honest, voters did vote in the popular vote. they increased the democratic lead in the senate. however, they preserve republican control of the house. no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted, on a structural level who controls what, may be less change than meets the eye which is why what you will hear in coming weeks will sound less like this. >> everything doesn't have to be a fight. everything doesn't have to be a fight. >> more like this. more like each side getting ready for an epic figh
there was john boehner drawing the line not against tax increases, but increases in tax rates. >> listen, the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know from ernst & young 700,000 jobs would be destroyed. we also know that it would slow down our economy. >> president obama from his part came into the east room. he also drew a line, but the line he drew was not insisting on higher tax rates but on higher tax revenues. >>> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> so, larry, balance is the key for president obama, not necessarily increases in tax rates. signs of conciliation on both sides and late this afternoon the bipartisan policy center which has been pushing for a simpson bowles-type solution said they were encouraged by the flexibility shown on both side says. john harwood, appreciate it and let's get reaction, and we have republican whip senator joh
speaker john boehner responded this afternoon. >> and for this to work, we need to plan for a serious process. focus on substance, not on the attic at it will require week of work rather than a weekend of photo op. it won't happen around a campfire at camp david or as much i'd like over 18 holes of golf. i think this is going to take time, but if we're all striving for a solution, i'm confident we can get one. >> chris van hollen, a member of the supercommittee on deficit reduction. he knows a lot. good to see you in person. >> it's great to be here. >> we're all running on fumes and now, we have to get on those fumes and solve this problem because the market is right. it is a crisis and it has to be dealt with. what i don't understand is, a little change in the senate, but -- why is it going to happen now. >> first of all, a lot of the republicans in congress have been focused primarily, maybe we can move beyond that objective. the second is the structure of the situation. the cliff creates big risks, also, opportunities. because not resolving the fiscal cliff will create problems fo
a potential financial crisis, can house speaker john boehner and the president find an onslaught of spending cuts and tax hikes? stay with us. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, cle
, john boehner, said quote, everything on the revenue side and on the sp spending side has to be looked at but when it comes to specifics he put the ball firmly in barack obama's court. >> i don't want to box myself in or anyone else in. i think it is important for us to come to an dpe agreement with the president but this is his opportunity to lead. >> here to sort what call of this must mean, we have all angles covered, including from the white house ahead of this daily briefing. we have jessica yellin, athena jones and ali velshi in new york. let me begin with you. we were watching the president walk in the east room. i noticed standing ovation. the energy in the room. the president pulled out his own pen saying yes, i'm ready to sign the bill flanked by marylandle class americans. when it comes to middle-clax tax cuts it sounds like the president is sticking to his guns. >> his terms are fairly stark. he's willing to negotiate on entitlements, medicare, medicaid. the white house democrats consider that a huge give the democratic party but what he is not willing to negotiate on is ra
exclusive. we sit down with the country's most powerful republican, house speaker john boehner. facing a critical deadline. will he and the president finally make a deal? or will this country fall off a cliff of huge tax increases and a new recession? everyone has said, a disaster is looming. >>> face to face. gabby giffords is there as the man who shot her is sentenced. her husband, mark kelly, tells us what was going through their minds. >>> freezing over. the families in the storm zone, huddling in blankets as they're hit with another storm. >>> and band of brothers. our bob woodruff, standing up for heroes tonight. the healing power of rock and roll. ♪ >>> good evening once again from washington, d.c., where the election may be over, but the clock is ticking on an issue affecting every american family. and standing at the urgent crossroads, the president and the speaker of the house, republican john boehner. there is a freight train bearing down on this country, called the fiscal cliff. it made the stock market so nervous today, for the second day in a row, it dropped. and busine
doors is a different story. john boehner doesn't have the leverage he used to have. on a conference call he told house republicans they had to avoid the nasty showdowns that mark so much of the last two years. senate republican leader mitch mcconnell was the number one obstructionist in the president's first term. now he tells "the wall street journal" he'll do whatever it takes to get a deal. i'd be willing to pay the ransom if e we thought we were going to get the hostage out. but the hostage is what? entitlement spending. mcconnell's intention, he's willing to agree to a dollar of new taxes for every dollar in cuts. what a difference an election makes. >> i'm going to ask a question on the stage. they seau had a real spending cuts deal, 10 to 1. spending cuts to tax inkrecreas. spooker, you're already shaking your head. but who on this stage would walk away from that deal? would you raise your hand about not raising taxes. >> remember in 2011 republicans would not take a 10 to 1 tax cut deal? now today mitch mcconnell is willing to do a 1 to 1 deal. republicans lost all of their lever
stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my question is let's say that it's not a bungee, let's say it's a rope. so you jump and then you -- that would be like hanging yourself. but you do possibly survive. but then you're all the way down there and then you don't know when someone's going to pull you back up. i think it might be more like that. if we go down, we may be d dangling for a while. >> once we go over the cliff, it's much more complicated. and you get rope burns, too. >> you can it. well, that's if it's not stretchy and it's just a rope,s's more than a burn. then you actually -- they pull you back up, but you're dead. and that could happen,
boehner today or not? >> no. this was no olive branch, larry. i was quite disappointed with that speech and press conference. and you noted that the stock market really collapsed as president obama was speaking because he seems not just today but the event that he had on friday, the two statements that he's made, he's been pretty emphatic that he wants those tax rates to go up, come hell or high water. that is going to lead to a mexican standoff with the republicans if he sticks with that position. i'd like to make one other point about that press conference, larry. i listened to the whole 45 minutes to 60-minute press conference, and not once that i could hear in that speech did he talk about the most important thing, which is cutting government spending. why don't we get the government spending down and then talk about raising taxes? >> you know, if you google up spending and obama, you know what you get? nothing. blank pages. you get nothing. >> in fact, larry, he said he wants his $100 billion stimulus, he wants more spending when he's talking -- trying to talk about lowering the de
working across the aisle. yesterday john boehner said he would work. and harry reid mentioned he likes to dance but can fight. >> the american people have spoke yen they reelected president obama and again a republican majority in the house of representatives and there is a man date in yesterday's results it is a man date for us to work together on the solutions and challenges that we face as a nation. >> the american people us to work together . i know how to fight and i know how to dance. i don't dance as well as i fight but i would rather dance any time. the way to get things done to work at this time. we need republicans to help us. i repeat to have the leader of the republicans in the senate say his number one goal to defeat obama and that's how we legislated. >> steve: that was two days ago. come on and smell the poll results. say we hold a majority in the house of representative and so we have a man date as well >> gretchen: this is what the american people are so tired of. listening to the back and forth and back and forth and nothing gets done. nothing gets done. if you want m
? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
not sure they're totally getting the memo. i have speaker boehner talking about the fact that as they approach january, they're not going to vote for anything that puts additional tax revenue on the table. if you are in fact right, which i believe you were, that could be the number one takeaway beyond demographics. then you look at the tea party element, you know, only 4 of the 16 candidates endorsed by the tea party expressed one in this election. so they should be able to marginalize that element, not simply cave to it at every turn. >> but is it at 134 level, richard they delusional politics, i think it was bush in '88, not reagan. but isn't it delusional when they say, no we're not going to raise taxes when in fact if the tax cuts -- the bush tax cuts expire, it's the same thing? i mean, is somebody going to send them a memo that you don't have the same climate you had last year, because all the president has to do is let the bush tax cuts expire. >> there are three cards on the table, two of them republicans cannot stand -- letting all the tax cuts expire, and these
boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget deal next year, and it will be much moran obama budget deal than paul ryan budget deal. elections have consequences. karen capehart, did you expect anything this big this fast? bill kristol is influential with republicans in washington. i'm stunned with what i'm hearing? >> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the spending side. >> jonathan capeh
the wealthiest americans to pay a little more in taxes. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it see
for the country when it comes to fiscal cliff. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't fac
now. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relation
would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects
are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that ca
's chief negotiating adversary right now, speaker john boehner who was re-elected by house republicans yesterday said they're not ready to accept the president's proposal because it would, quote, hurt our economy and make jobs more difficult. but he also sounded the kumbaya theme. >> now, i do think that the spirit of cooperation that you've seen over the last week, from myself and my team. from democrats across the aisle. from the president. have created an atmosphere where i think that, i remain optimistic. >> folks, there are a lot closer than sometime the bravadoish headlines seem to make clear. this is really about what can boehner take to 50 to 100 house republicans who are willing to temporarily potentially raise some tax rates on some group of wealthier americans? >>> by the way, after $6 billion spent on house senate and presidential campaign, not only did party control not change for the house, senate and white house. but the individual leaders who will begin the negotiations tomorrow, it's the exact group of people. there are some personnel changes but not on that leadership
and the fiscal cliff here. today "the washington post" trying to read the tea leaves. what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid answer. i don't know if he is. >> were you encouraged by what was said yesterday? hard to tell. early days. >> everybody's been encouraged is fooled. fool me once. i think that the proof will be real change within the hard right tea party of the republican party. because, i mean, look. i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't k
boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >
to be here. thank you so much. >> thanks so much. >>> a fiscal cliff, it's coming and if obama and boehner don't compromise, could mean economic disaster, but some lawmakers say hey, there's no rush. actually, we should go over that fiscal cliff. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> people are counting down the days until the nation goes off the so-called fiscal cliff. the tax cuts and cu
the senate and the white house and they understand at some point they have to talk revenue. john boehner came to the podium yesterday and said the word revenue. they're going to have to get it. wears a going to come from the tax reform process? those details are far from it right now. melissa: might be an overshoot at this point. bank stocks coming from the sell-off by tuesday's election but which winner as the bank's more concerned? president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing director. election day is a bad databanks. >> this delusion said romney would win and it would all be ok and we would rollback basel iii -- melissa: a lot worse, not only is president obama in office which is not great for the banks but they're looking for the legislative change but you have people like elizabeth warren gaining power so altogether racemes what is your outlook? >> elizabeth ward is only one of 100 senators. she is an angry calvinist. she is a wonderful lady. i loved her books but i don't know her pr
. i believe we can get that majority. i was encouraged to hear speaker boehner. i look forward to hearing his ideas when i see him next week. let me make one final point that every american needs to hear. right now if congress fails to come to an agreement on an overaloveralldeficit reduction e end of the year, everybody's taxes will automatically go up on january 1. everybody's. including the 98% of america for make less than $250,000 per year. and that makes no sense. it would be bad for the economy, and would hit families who are already struggling to make ends meet. now fortunately we shouldn't need long negotiations or drama to solve that part of the problem. while there may be disagreements with congress over whether or not to raise taxes and folks making over $250,000 per year, nobody, not republicans, not democrats, wants taxes to go up for folks making under $250,000 per year. so let's not wait. even as we are negotiating a broader deficit reduction package, let's extend the middle-class tax cuts right now. [applauding] let's do that right now. that one step, that one
of him. >> one other silver lining? we are running out of time. a lot of people, john boehner came out and said, we open the door, he's willing to work on the grand bargain. bob woodward wrote a whole book about this and how far that boehner was willing to go and not telling his top surrogates how far he was willing to go, meaning raising taxes. did i -- i didn't hear one republican house member running on the idea of race raising taxes or a grand bargain. what would the response be from ann coulter? [chuckles] >> i don't think republicans are that stupid, although pat caddell is always calling us the stupid party. running as democrat-lite is not going to work. i will give-- >>> what if he goes along with simpson-bowles for the good of the country because we are headed to tax-magedon. >> simpson-bowles would be better than anything obama can come up with. we may not like it. >> sean: they always say there will be tax reform. all tax reform is sneaky way of raising taxes. that's what it will be. >> which produces less revenue to the government. no, republicans in congress, look, they ha
on that famous fiscal cliff. and speaker john boehner's getting in on the love. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. this framework can lead to common ground. because if there was a mandate in this election, it was a mandate to work together to do what's in the best interest of our country. >> but any fundamental reform is going to require republicans to break their signed pledge against raising taxes. we'll discuss that next on "now." hungry for the best? it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >>> let's have a serious debate. don't scream and yell. you know what, it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't see why republicans don't take obama's offer to freeze taxes f
Search Results 0 to 49 of about 76 (some duplicates have been removed)

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